SemiLEDs Corp. (NASDAQ:LEDS) shares rose 8.4% during mid-day trading on Monday . The company traded as high as $7.35 and last traded at $6.87, with a volume of 889,146 shares changing hands. The stock had previously closed at $6.34.

The stock’s 50-day moving average price is $3.21 and its 200-day moving average price is $2.93. The company’s market capitalization is $19.82 million.

SemiLEDs Corp. (NASDAQ:LEDS) last released its quarterly earnings results on Tuesday, July 12th. The company reported ($1.06) earnings per share (EPS) for the quarter. The firm earned $2.40 million during the quarter. Equities research analysts forecast that SemiLEDs Corp. will post ($0.89) earnings per share for the current fiscal year.

SemiLEDs Corporation develops, manufactures and sells light emitting diode (LED) chips and LED components. The Company’s products are used primarily for general lighting applications, including street lights and commercial, industrial and residential lighting. Its LED chips are also used in specialty industrial applications, such as ultraviolet (UV), curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, LED lighting for horticulture applications, architectural lighting and entertainment lighting.

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